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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Summary of Changes in the Balance for OREO

Changes in the balance for OREO are as follows (in thousands):

 

     2015      2014  

Balance at the beginning of year, gross

    $ 2,263       $ 4,695   

Transfers in

      1,664         139   

Charge-offs

      (381 )       (1,302 ) 

Sales proceeds

      (717 )       (1,502 ) 

Gain on disposition

      74         307   

Deferred gain recognized

      —           (73 ) 

Depreciation

      —           (1 ) 
  

 

 

     

 

 

  

Balance at the end of year, gross

      2,903         2,263   

Less: valuation allowance

      (224 )       (375 ) 
  

 

 

     

 

 

  

Balance at the end of year, net

    $ 2,679       $ 1,888   
  

 

 

     

 

 

  
Summary of Changes in the Allowance for OREO Losses

Changes in the allowance for OREO losses are as follows (in thousands):

 

     2015      2014  

Balance at beginning of year

    $ 375       $ 1,665   

Provision for losses

      230         12   

Charge-offs, net

      (381 )       (1,302 ) 
  

 

 

     

 

 

  

Balance at end of year

    $ 224       $ 375